Why Tanla Platforms shares jump 12% sharply today? Details here
By Aman Shukla Published on June 12, 2025, 09:36 IST
Tanla Platforms' stock surged more than 12% on June 12, 2025, after the company announced that its board of directors will meet on June 16 to consider a proposal for a share buyback. This marks the company's third buyback initiative in the past five years, signaling continued efforts to enhance shareholder value. As of 9:34 AM, the shares were trading 11.88% higher at Rs 696.65.
The sharp rally follows an already positive trend in the stock, which has gained 25.8% over the past month, recovering from a year-to-date decline of 17.09%. The buyback proposal has boosted investor sentiment, with expectations of improved earnings per share and strengthened market confidence.
Tanla has also announced the closure of its trading window for insiders until June 18, 2025, in accordance with SEBI's Prohibition of Insider Trading regulations. This move reflects the company's adherence to governance norms and highlights the importance of the upcoming board decision.
Tanla Platforms shares opened at ₹670.10 and touched a high of ₹696.90 in early trade on June 12, 2025. Currently trading well above its 52-week low of ₹409.35, Tanla remains below its 52-week high of ₹1,086.45, offering potential upside.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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